Home Automation Market to Reach USD 163.24 Billion by 2028; – GlobeNewswire

January 20, 2022 by No Comments

Pune, India, Jan. 20, 2022 (GLOBE NEWSWIRE) — The global home automation market size was USD 64.58 billion in 2020. The market is projected to grow from USD 72.30 billion in 2021 to USD 163.24 billion in 2028 at a CAGR of 12.3% in the 2021-2028 period.

This information is provided by Fortune Business Insights, in its report, titled, “Home Automation Market Size, Share and COVID-19 Impact Analysis, 2021-2028.”

As per the research conducted by our expert analysts, the rising adoption of Internet of Things (IoT) technology is anticipated bolster market growth. Likewise, surging home ownership by millennials and growing flexible income in established nations to navigate automated home demand.

Request a Sample Copy of Report: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/home-automation-market-100074

List of Key Players Mentioned in this Market Report:

  • ABB Ltd. (Zürich, Switzerland)
  • Johnson Controls International plc (Cork, Ireland)
  • Crestron Electronics (New Jersey, U.S.)
  • Siemens AG (Munich, Germany)
  • Control4 Corporation (Utah, U.S.)
  • Schneider Electronics (Rueil-Malmaison, France)
  • Koninklijke Philips N.V (Amsterdam, Netherlands)
  • Legrand SA (Limoges, France)
  • Honeywell International Inc. (North Carolina, U.S.)
  • Savant Systems LLC (Massachusetts, U.S.)

Report Scope & Segmentation

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Source: https://www.globenewswire.com/news-release/2022/01/20/2369942/0/en/Home-Automation-Market-to-Reach-USD-163-24-Billion-by-2028-Savant-Systems-LLC-Acquires-GE-Lighting-Set-to-Foster-Colossal-Growth-Fortune-Business-Insights.html


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Report Coverage Details
Forecast Period 2021 to 2028
Forecast Period 2021 to 2028 CAGR 12.3%
2028 Value Projection USD 163.24 Billion
Base Year 2020
Market Size in 2020 USD 64.58 Billion
Historical Data for 2017 to 2019
No. of Pages 130